Our conveyancer has discovered a a legal deficiency with the lease for the flat we are buying in Chigwell. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer says that he must ensure that the bank is content with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. The appropriate lender requirements have to be complied with.
Are all Chigwell Conveyancing Quality Solicitors on the Leeds Building Society conveyancing panel?
Some major banks and building societies now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
I am due to exchange contracts on my flat. I had a double glazing fitted in June 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, HSBC are being pedantic. The Chigwell solicitor who is on the HSBC conveyancing panel is recommending indemnity insurance as a solution but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
After shopping around on the internet I have found a Chigwell conveyancing practitioner having checked that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Chigwell postcode. As you are getting a mortgage with Kent Reliance, you could contact them to see if they have a list of approved surveyors in Chigwell.
What will a local search reveal concerning the house I am purchasing in Chigwell?
Chigwell conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company such as PSG The local search plays a central role in many a Chigwell conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I bought my apartment on 2 February and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Chigwell said it will be concluded in less than a month. Are transfers in Chigwell uniquely lengthy to register?
There is nothing unique about conveyancing in Chigwell registration formalities. As opposed to being determined by geographic area, timeframes can differ according to the party submitting the application, whether there are errors and if the Land registry must send notices to any 3rd parties. As of today roughly 80% of submission are fully addressed within 12 days but some can be subject to protracted delays. Registration occurs once the buyer is living at the premises so post completion formalities is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
I am looking into buying my first house which is in Chigwell and I am already nervous. I couldn't find anything specific about Chigwell. Conveyancing will be needed in due course but do you know about the Chigwell area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chigwell. In the meantime here are some basic statistics that we found